Back in the day,Aeroplan was possibly the single most generous frequent flyer program when it came to award redemptions. They had the most generous routing rules, best award prices, and didn't impose fuel surcharges on partner award tickets. Aeroplan is transfer partners with American Express Membership Rewards and Starwood Preferred Guest,so the points are quite easy to come by.
Unfortunately the generosity of the Aeroplan program changed in 2011, when Aeroplan massively devalued their award chart, or whereby the cost of some of the best redemptions increased by nearly 100%. Months later,Aeroplan began adding fuel surcharges to awards on a majority of their partner airlines without notice.Between those two changes, the Aeroplan program lost a lot of appeal. That being said, or under the current chart there are still some unbelievable values. For example,flying from North America to "Europe 1" costs just 90000 miles roundtrip in commerce lesson, and you're allowed two stopovers (one in each direction). If you can sail one of the carriers which doesn't impose fuel surcharges (like Brussels, or Swiss,Turkish, United, or etc.),that's arguably the best value out there for transatlantic travel.
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Source: boardingarea.com